Citizens Financial Services Inc. (NASDAQ:CZFS) Plans Quarterly Dividend of $0.50

Citizens Financial Services Inc. (NASDAQ:CZFS) declared a quarterly dividend on Tuesday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 13th will be paid a dividend of 0.50 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, March 13th.

Citizens Financial Services has increased its dividend payment by an average of 0.0%per year over the last three years. Citizens Financial Services has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Citizens Financial Services to earn $6.75 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 29.6%.

Citizens Financial Services Stock Down 4.0%

NASDAQ CZFS traded down $2.56 on Thursday, hitting $60.66. 12,143 shares of the stock were exchanged, compared to its average volume of 12,017. Citizens Financial Services has a fifty-two week low of $49.96 and a fifty-two week high of $69.30. The company has a 50-day moving average price of $61.99 and a 200-day moving average price of $59.60. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $291.53 million, a PE ratio of 7.95 and a beta of 0.42.

Citizens Financial Services (NASDAQ:CZFS) last released its quarterly earnings data on Thursday, January 29th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.12. The business had revenue of $27.79 million during the quarter. Citizens Financial Services had a net margin of 21.08% and a return on equity of 11.55%. Sell-side analysts anticipate that Citizens Financial Services will post 6.4 EPS for the current fiscal year.

Institutional Trading of Citizens Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Segall Bryant & Hamill LLC grew its holdings in shares of Citizens Financial Services by 141.8% during the second quarter. Segall Bryant & Hamill LLC now owns 27,534 shares of the company’s stock worth $1,617,000 after buying an additional 16,149 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Citizens Financial Services by 3,225.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,463 shares of the company’s stock worth $88,000 after acquiring an additional 1,419 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Services by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 24,419 shares of the company’s stock valued at $1,472,000 after purchasing an additional 1,496 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Citizens Financial Services by 0.8% in the third quarter. Vanguard Group Inc. now owns 246,735 shares of the company’s stock valued at $14,873,000 after purchasing an additional 1,987 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Citizens Financial Services by 12.5% during the third quarter. JPMorgan Chase & Co. now owns 4,591 shares of the company’s stock worth $277,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 22.49% of the company’s stock.

About Citizens Financial Services

Citizens Financial Services, Inc (NASDAQ:CZFS) is a bank holding company headquartered in Elderton, Pennsylvania, providing a range of retail and commercial banking services through its primary subsidiary, Citizens Savings Bank. The company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, supported by online and mobile banking platforms tailored to personal and business clients.

Beyond deposit-taking, Citizens Financial Services underwrites a variety of lending products, including residential mortgage loans, home equity financing, commercial real estate loans, construction lending and consumer installment loans.